ABIR announces committee leadership appointments

Cyber Working Group to expand focus as Bermuda emerges as global market leader

Hamilton, Bermuda (March 20, 2023) — The Association of Bermuda Insurers and Reinsurers (ABIR) announces changes in the leadership of its most influential committee and an expansion of its working groups’ focus areas, drawing on the professional talent of member companies.

Jim Paugh, of Arch Re, has been appointed Co-Chair of the ABIR Policy Committee, alongside continuing Co-Chair Jevon Williams, of Chubb Bermuda. Paugh replaces Gemma Carreiro, of Hamilton, who served a two-year stint in the Co-Chair role. Shannon Lowry Bender, of RenaissanceRe, will serve as the Deputy Chair.

The Policy Committee, made up of leading legal and compliance professionals in the Bermuda re/insurance market, carries out valuable work for ABIR’s member companies, reviewing insurance regulation in Bermuda and overseas, international regulatory standards, public policy in Bermuda, and US natural disaster policy and regulation.

The ABIR Cyber Working Group has been expanded to address underwriting and information security risks within this fast-growing sector of the Bermuda market. Devin Page, of Ascot, has been appointed Cyber Underwriting Chair, with Yosha DeLong, of Mosaic Insurance, the Cyber Deputy Underwriting Chair. Allen Wilson, of AXIS Capital, was selected as Cyber Information Security Chair, while Lloyd Holder, of SiriusPoint, will serve as Cyber Deputy Information Security.

Bermuda’s emergence as the cyber re/insurance market leader was underscored this month during panel discussions at the Bermuda Risk Summit, which attracted 450 delegates — one third of them from overseas — and generated an estimated local economic impact of $1.8 million.

In addition, the new ABIR Solvency Enhancement Working Group will address regulatory, solvency enhancements. Liz Cunningham, of Somers Re, has been appointed as Chair.

Suzanne Williams-Charles, ABIR’s Director of Policy and Regulation, Corporate Secretary, and Data Privacy Officer, will staff the Policy Committee and both working groups.

Pina Albo, Chair of ABIR and CEO of Hamilton, said: “I want to thank Gemma for the great leadership and hard work she has contributed to the Policy Committee on behalf of ABIR’s member companies.

“The tremendous work carried out by ABIR’s committees and working groups is made possible by the many talented professionals who give generously of their time and knowledge, for the benefit of our world-leading Bermuda re/insurance market. I salute their valuable efforts.”

John Huff, President and CEO of ABIR, said: “These appointments highlight the deep bench of world-class talent within Bermuda’s re/insurance industry. We are grateful that these industry leaders are working together with ABIR to advance the public policy interests of our member companies, as they continue their important work of finding solutions to manage the world’s largest and most complex risks.”

Jevon Williams is General Counsel for Chubb Bermuda and its affiliates in Europe. In this role, he oversees all legal matters concerning regulatory affairs and underwriting support. Prior to joining Chubb, he was Assistant General Counsel for AIG’s Bermuda-based operations.

Jim Paugh is the General Counsel of Arch Reinsurance. Prior to joining Arch in January 2022, he was SVP, General Counsel of Chubb Bermuda, a company where he achieved several promotions over 11 years.

Shannon Lowry Bender is the General Counsel of RenaissanceRe. Prior to joining RenaisaanceRe in January 2021, she worked with CIT Group, as Deputy Corporate Secretary and SVP, Chief Corporate Counsel. During her career, she has also served as a Partner with law firms Fried Frank and O’Melveny & Myers LLP.

Devin Page is SVP, Specialty and Casualty Reinsurance, at Ascot. Prior to joining Ascot in February 2022, he was Head of Specialty Reinsurance at Hiscox Re, where he earned several promotions over more than eight years. He had started his re/insurance career as an Associate Broker with Marsh in Bermuda.

Yosha DeLong is Global Head of Cyber at Mosaic, overseeing a team of 16 underwriters in Bermuda, New York, Chicago, Toronto, London, Frankfurt and Dubai, and developing Mosaic’s cybersecurity product and portfolio globally. Previously, she was Head of Cyber and Professional Lines at Zurich North America. She held prior roles at Gemini Risk, Ironshore Insurance, and AXIS Capital.

Allen Wilson is Chief Information Security Officer at AXIS Capital. During more than 15 years with AXIS, he has also served as Head of Infrastructure Operations. Prior to joining AXIS, he held executive roles with SecureWorks and ING.

Lloyd Holder is Chief Information Security Officer at SiriusPoint. He joined the company from the Bermuda Hospitals Board, where he had served as Vice President of IT Services. Previously he worked for more than 10 years at RenaissanceRe, as Director of Security.

Liz Cunningham is CEO of Somers Re, having been promoted from Chief Risk Officer in October 2021. With more than 20 years of experience in insurance and risk management, her prior roles were as Chief Risk Officer at Nautilus and Partner, Actuarial, Risk & Analytics, at Deloitte Bermuda.

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About ABIR: The Association of Bermuda Insurers & Reinsurers (ABIR) represents Bermuda’s major property and casualty insurers and reinsurers doing business in 150 countries. Founded in 1993, ABIR is proud to celebrate its 30th anniversary in 2023. For three decades, the Bermuda market’s risk-bearing capacity has played a key role in enabling insurance to be accessible and affordable, to the benefit of consumers around the world. Bermuda is an internationally recognized center of global expertise on underwriting for catastrophe, climate, cyber, mortgage and credit risk transfer products, along with other specialty insurance and reinsurance. For more information, please visit: www.abir.bm. Follow us on Twitter @ABIR_Bermuda.

Photo identification:

Jevon Williams, Jim Paugh, Shannon Bender

Devin Page, Yosha Delong, Allen Wilson

Lloyd Holder, Liz Cunningham, Suzanne Williams-Charles,